Off-Market Condo: 08 at 614 N Capital Blvd, Raleigh, NC 27603

Description

Investment Opportunity: Off-Market Listing: Resideline estimates that this property can be rented on Airbnb for an average of $255 per day and long-term for an average of $1,904 per month, based on similar listings in the area. Estimated short-term cap rate of -2.1%. Estimated long-term cap rate of -4.1%. STUNNING 2-story two bedroom LOFT condo on top floor of building in Downtown Ral Historic Cotton Mill. #208 is the unit! Tall ceilings! Exposed brick! Wood beams & columns! Gorgeous Hardwood floors! HUGE windows! Sunset views! Incredible open kitchen w/bar seating! Entertaining at its pinnacle! Stainless fridge! Secured building entry! Large basement storage locker! Garage Parking! Guest parking! Dog run! Community Patio w/Grill station! Walk everywhere! Enjoy new restaurants @Seaboard (private gate) & Smokey Hollow. 50% yrly historic tax credit!

Property Information
Airbnb Avg Daily
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Occupancy Rate
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Monthly HOA
$330
Rental Policy
daily
Yearly Taxes
$2803
Bedrooms
2
Bathrooms
2
SQFT
1,810
Furnished
N/A
Year built
1890
Listing Status
Off Market
MLS
10041047

Short-term Rental Potential
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$36,948

Revenue
Expenses
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Profit
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Cap rate
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Cash on Cash
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$386

Price/SQFT

Long-term Rental Potential
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$22,848

Revenue
Expenses
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Profit
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Cap rate
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Cash on Cash
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$1,904/mo

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